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| Teaching Since: | Apr 2017 |
| Last Sign in: | 419 Weeks Ago, 2 Days Ago |
| Questions Answered: | 3232 |
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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
Bond Price A newly issued 10-year option-free bond is valued at par on June 1, 2005. The bond has an annual coupon of 8.0 percent. On June 1, 2008, the bond has a yield to maturity of 7.1 percent. The first coupon is reinvested at 8.0 percent and the second coupon is reinvested at 7.0 percent. The price of the bond on June 1, 2008, is closest to
a. 100.0 percent of par
b. 102.5 percent of par
c. 104.8 percent of par
d. 105.4 percent of pa
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